| GALANTAS GOLD CORPORATION : http://www.galantas.com/ : News Releases |
| Tue Apr 4, 2006 Notification of Exercise of Warrants And Berlin Stock Exchange Listing |
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Mr L.J.Gunter, Director and Executive Chairman, announces that on Friday, March 31, he exercised 663,077 warrants to purchase the same number of common shares of Galantas Gold Corporation. As a result, he now owns approximately 12.01% of the issued and outstanding common shares of Galantas on an undiluted basis. Additionally to Mr Gunter’s exercise, a further 463,600 warrants have been exercised. All the warrants were exercisable at 15c. An application has been made to London’s Alternative Investment Market (AIM) to admit to trading 1,126,677 new shares. The total number of shares in issue after the warrant exercise is 132,134,635. Notification was received from the Berlin-Bremen Stock Exchange that the Company’s shares are to be listed for trading on that exchange. The filing was made by a brokerage company called Berliner Freiverkehr (Aktien) AG and Galantas notes that trading took place on 31st March 2006. Galantas is building Ireland’s first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Company’s production by marketing and selling certified Galántas ™ Irish gold jewellery. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain “Forward-Looking Statements” within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are “Forward-Looking Statements” that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these “Forward-Looking Statements”. Galantas Gold Corporation Bishopsgate Communications Ltd. |
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